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IHS Markit | Automotive Insights
27 minutes | May 18, 2021
Fuel For Thought [S3|E5] - Retail revolution – Real or not?
Kristen Balasia, Thomas Libby, Ian McIlravey and our special guest Michelle Denogean; CMO at Roadster, talk about the changing retail model and consumer behaviors accelerated by COVID-19 lockdown.
13 minutes | Apr 20, 2021
Fuel For Thought [S3|E4] - Vehicle loyalty grows in share and importance; Some brands top 60%
Thomas Libby and Kristen Balasia talk about the importance of loyalty in the automotive industry.
24 minutes | Apr 19, 2021
Fuel For Thought [S3|E3] - The New Map – Charting the Future
Tim Armstrong, Tom De Vleesschauwer and Kristen Balasia talk about IHS Markit's CERAWeek which is widely considered to be the most prestigious annual gathering of the global energy community.
15 minutes | Feb 16, 2021
Fuel For Thought [S3|E2] - Market dynamics in the first year of the pandemic
Bjoern Huetter, Ali Khalili and Kristen Balasia talk about 2020 year in review around the globe; an unprecedented year for the automotive industry.
18 minutes | Jan 25, 2021
Fuel For Thought [S3|E1] - CES 2021 Roundup
Kristen Balasia, Mark Boyadjis and Brian Rhodes talk about the future of technology and CES 2021 virtual event roundup.
1 minutes | Dec 23, 2020
An Automotive Minute [S2|E45] Global-US Sales Outlook with Chris Hopson
IHS Markit projects new light vehicle sales of 83.4 million units globally in 2021, up 9% from a 2020 projection of 76.5 million units, as industry demand levels emerge next year in the wake of recovery from the COVID-19 pandemic – especially in major markets. Looking at the U.S. auto demand environment, the sequential rise in sales levels from the April 2020 trough reflects that consumers that were willing, ready and able to purchase a new vehicle did so. While the pace of growth for auto sales flattened out after September, IHS Markit expects continued growth in auto demand levels in 2021, supported by sustained economic development from better-than-expected news on vaccines and likely economic stimulus. IHS Markit projects US sales volume to reach 16 million units in 2021, up an estimated 10% from the projected 2020 level of approximately 14.5 million units. The pace of sales is anticipated to be stronger in the second half of the year, following the expected widespread availability of the vaccine by summer. I’m Chris Hopson with an IHS Markit Minute.
1 minutes | Dec 21, 2020
An Automotive Minute [S2|E44] Parts Constraints with Michael Robinet
Part suppliers have their hands full these days. After surviving more than two months of virtually no vehicle output earlier this spring – production in North America have been on a tear. Total North American output should reach 13 million light vehicles – a remarkable achievement. Consumers have re-engaged into the market - now finding that inventory of several popular vehicles to be slimmer than expected. Parts suppliers - dealing with increasing COVID restrictions in many regions are thus having difficulties finding qualified labor to keep up with demand. Absenteeism and employee turnover are at heightened levels. These issues are not just in North America. Low inventories of microchips and semi-conductors from various locations in Asia are causing concern throughout the global industry. Just when the industry should be enjoying a volume revival – there is no rest for the weary. This has been Michael Robinet with an IHS Markit minute.
1 minutes | Dec 17, 2020
An Automotive Minute [S2|E43] EV Adoption with Stephanie Brinley
Electric vehicle production and platform announcements continue to pepper the landscape. EV development has been underway in earnest, and we are at the edges of an explosion in production as a result. IHS Markit forecasts EV global production could rise to 15% of total light-vehicle production in 2027, bringing a wave of new products. With this next phase of EV maturation, development has been focused on vehicles that consumers want. At the same time, publicly available charging and infrastructure networks are improving. The combination of products aligned with consumer uses and demand, more choice and better infrastructure are essential to consumer adoption. However, over the first three quarters of 2020, electric vehicle registrations accounted for only 1.58% of the US light-vehicle market, while the industry is ramping up to support a much higher share of market. Though growth in the coming years will be strong, we may also see near-term production increase faster than consumer demand. I’m Stephanie Brinley and this has been an IHS Markit Minute.
26 minutes | Dec 15, 2020
Fuel for Thought [S2|E11] - Automotive Scenarios for 2021 — The Virus and the Vaccine
Kristen Balasia, Peter Nagle and Mark Fulthorpe talk about automotive 2021 outlook, diving into the positive influences and uncertainties, and what we can expect in 2021.
1 minutes | Dec 7, 2020
An Automotive Minute [S2|E42] How COVID-19 is Changing the Auto Industry with Mark Boyadjis
As the automotive industry looks to recover lost revenues from the global COVID-19 pandemic, the growing demand for high-tech, shared mobility solutions has become a focal point. Within major markets, IHS Markit forecasts a steady 18 percent compound annual growth rate on vehicle sales for mobility services use in the next 10 years, adding 2.6 million units by 2030. In contrast, vehicle sales for personal-use will see a net loss of 1 million units in the same timeframe. To take advantage of the shifting consumer demand, many automakers are partnering with ride-hailing companies to design and optimize a new type of vehicle for their services. Recently, Chinese carmaker, BYD launched the D1 to exclusively support DiDi’s ride-hailing operations in China, earning revenues based on vehicle usage, rather than unit sales. And BYD is not alone. Several other OEMs have launched similar endeavors, proving that the pandemic has forced OEMs to think differently about how vehicles are designed AND how revenues are earned. I’m Mark Boyadjis, with an IHS Markit Minute.
14 minutes | Nov 16, 2020
Fuel For Thought [S2|E10] - China: The current engine of the automotive industry
Kristen Balasia, Mike Wall and Sandra Zhou talk about China; the auto industry gets a lift from Chinese consumers and regulators driving growth even as a surge in COVID-19 cases in the US and Europe tempers demand elsewhere.
1 minutes | Nov 16, 2020
An Automotive Minute [S2|E41] The EV Market with Stephanie Brinley
Investment in electric vehicle manufacturing has been in the news lately, with announcements from General Motors, Ford and FCA, as well as Volkswagen’s introduction of the ID.4 which will see production in the US. Daimler, BMW and Honda are also expected to add US EV production by the end of the decade. In 2026, IHS Markit forecasts that about 10% of US light-vehicle production will be electric vehicles, compared with just under 4% in 2019. With expectations for a Democratic president in the White House in January, vehicle emissions regulations may shift to more aggressive targets. Though the government has regulatory and incentive levers which could speed consumer adoption, the trajectory toward EVs is already set, relative to most automaker strategy and long-term investment plans. The increased manufacturing is bringing more models to market, delivering more consumer choice. Increased choice and availability will be as critical to increasing consumer adoption as incentives or regulations. I’m Stephanie Brinley and this has been an IHS Markit Minute.
1 minutes | Nov 9, 2020
An Automotive Minute [S2|E40] Connectivity with Mark Boyadjis
There is a clear focus on new revenue sources in the automotive industry, as mobility, electrification, autonomy, and connectivity continue to democratize for a post-COVID world. Connected services are one way automakers can grow revenues, yet many still see it as a cost, not a profit center. In many cases, automakers see paltry renewal rates from 15-30% post trial, which is neither sustainable nor profitable. In a recent IHS Markit study, six premium brands in the US market were evaluated and indexed, investigating the intersection of consumer opinions and competitive metrics on connected features. Tesla and Cadillac indexed above the average, whereas BMW, Audi, Mercedes and Genesis indexed below. These results illustrate that the top two brands have a deeper integration of connected services across their organizations that drive higher customer satisfaction and revenues. As the industry works to recover the sales and revenue levels it enjoyed before the pandemic, those with a structural focus on connected services will find a competitive advantage amongst the market. I’m Mark Boyadjis, with an IHS Markit Minute.
1 minutes | Nov 4, 2020
An Automotive Minute [S2|E39] Cybersecurity with Jeremy Carlson
October is National Cybersecurity Awareness Month! Connected cars provide ample motivation to implement cybersecurity measures. But the expansion of automated driving gives further reason for safeguarding the vehicle. IHS Markit forecasts that more than half of all new vehicle sales globally in 2022 will have some automated vehicle control feature. In recognition of these growing risks, automakers are responding with best practices in cybersecurity, and regulators across regions are taking action as well. Japan will be first to adopt new cybersecurity requirements for all new vehicles sold after January 2021. The European Union will do the same in July 2022, alongside the adoption of new requirements for active safety and automated driving. We estimate that solutions to manage cybersecurity threats will produce annual revenues of more than 400 million US dollars globally in 2022. I’m Jeremy Carlson with an IHS Markit Minute.
1 minutes | Oct 27, 2020
An Automotive Minute [S2|E38] A Closer Look at One SUV Category with Tom Libby
A Closer Look at One SUV Category The sub-compact SUV category is one of the smaller SUV segments, based on market share, but it has contributed to the remarkable success of SUVs in general. Sub-compact SUVs’ share of the U.S. market has grown from 3.4% at the start of 2016 to 4.6% now, and while this may not seem like much, it’s a 34 percent increase – which ranks second among all mainstream SUV segments. Also, sub-compact SUVs continue to act as a “feeder” segment to both compact and midsize SUV categories, with 24% and 8% of consumers moving up to these two segments, respectively. In fact, households with a sub-compact SUV in their garage move up to a compact SUV more often than they move to any segment other than their own. Lastly, households with a sub-compact SUV in the garage are exceptionally brand loyal; their brand loyalty of 55% in the first seven months of 2020 is higher than overall industry-wide brand loyalty and second among all mainstream SUV categories. I’m Tom Libby with an IHS Markit Minute.
15 minutes | Oct 19, 2020
Fuel for Thought [S2|E9]– Incorporating Consumer Expectations in the post-COVID-19 Retail Experience
Melanie Erff, Mike Wall and Tanja Linken talk about how the COVID-19 pandemic has impacted the global automotive retail with respect to challenges faced by dealerships and customers' expectation in their purchase process and future interactions.
1 minutes | Oct 19, 2020
An Automotive Minute [S2|E37] Reset with Michael Robinet
The automotive industry has been working at a fever pitch since late May when we emerged from the COVID-19 driven output closures. The combination of depleted vehicle inventories and a strong sales pace has equated to the industry’s inability to return to normal inventory levels until early next year. Even with a 2-month break, we will still build approximately 13 million light vehicles in North America for 2020. Outside of these short-term market disruptions, smarter suppliers are still looking past next quarter to the future. Our industry is in the midst of significant structural shifts surrounding vehicle electrification, autonomous driving system content and a changing vehicle value equation. If you are a supplier, strategic questions surround your future risk profile, financial performance and how these changes impact future competitiveness. Does one benefit from these shifts, suffer a declining market or in some cases – are you agnostic? Whatever the perspective, these shifting industry dynamics call for a Supplier Strategy Reset. This has been Michael Robinet with an IHS Markit Minute.
1 minutes | Oct 9, 2020
An Automotive Minute [S2|E36] Consumer Preferences Continue to Shift with Tom Libby
A recent analysis of IHS Markit new light vehicle registrations through July this year finds sport utilities account for 50% of all new vehicle registrations, up from 31% ten years ago. If today’s mix continues for the remainder of this year, it would mark the first time in recent history that one body style has captured half of the U.S. new vehicle industry. Market share for mainstream pickups has also grown, driven in part by intense competition among the domestic manufacturers that dominate this space. Through July, pickups account for 19.9% of all new vehicle registrations in the US, outpacing sedans for the first time in recent history. With SUV/CUVs and pickups now accounting for more than two thirds of all U.S. new vehicle registrations, manufacturers need to ensure that their product portfolios align with this new paradigm. I’m Tom Libby with an IHS Markit Minute.
1 minutes | Oct 1, 2020
An Automotive Minute [S2|E35] California's Electric Future with Devin Lindsay
So you’re looking to purchase a new car in the state of California in 2035? Well, you can have any powertrain you want, as long as it’s electric! California Governor Gavin Newson signed an executive order setting a goal of requiring all new passenger cars and trucks sold in the state to be zero-emission vehicles, which are battery electric or fuel cell, by 2035. Now all of this comes as California remains locked in a legal battle with the Trump administration. The state is suing over to reinstate a waiver that allows it to set its own fuel economy standards that are separate from the federal government’s. If Donald Trump is re-elected, we expect the battle to be decided in the courts. But if Joe Biden is elected, we expect California to have its waiver reinstated. So you may be asking, “Can automakers just choose not to sell cars in California if it does not want to invest in an entire fleet of electric vehicles just to fill a dealership?” Sure, but California is the biggest light vehicle market in the United States, representing 11% of total US sales last year. That really makes it a state that can’t be ignored by the automotive companies. I’m Devin Lindsay, with the IHS Markit Minute.
1 minutes | Sep 28, 2020
An Automotive Minute [S2] [E34] US-based NVIDIA announces intent to acquire UK-based Arm for $40B
US-based NVIDIA announces intent to acquire UK-based Arm for $40B. You may not know Arm by name, but the company’s intellectual property is shipped in tens of billions of integrated circuits every year. In automotive, four out of every five processors in infotainment and driver assistance are based on Arm architectures—including those from NVIDIA. Both Arm and NVIDIA have long lists of ecosystem partners and a growing footprint in Autonomous Driving. But the combination of Arm expertise in scalable CPU design, plus NVIDIA expertise in GPUs and software, could create a one-stop-shop for anyone looking for automotive processors. The open nature of Arm architectures gives freedom to automotive engineers to develop and deploy scalable solutions from today’s driver assistance to tomorrow’s autonomous mobility… pending regulatory approvals, of course. I’m Jeremy Carlson with an IHS Markit Minute.
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